Nokia gets big profit lift from new-generation 5G networks

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HELSINKI (AP) — Nokia says its second-quarter earnings nearly doubled on the back of orders from telecom operators for new-generation 5G mobile networks that will be commercially launched en masse this year.

The Espoo, Finland-based company said Thursday that its net profit for the April-June period was 258 million euros ($287 million), against 139 million euros a year earlier. Sales were up 7% at 5.7 billion euros.